Ethereum
Bitcoin and Ethereum Options Expiration Today: Here’s What to Expect
Are you ready, crypto holders? Today is the day!
Nearly $2 billion worth of Bitcoin and Ethereum options are about to expire, and analysts are predicting a wild ride. This could mean short-term price fluctuations for the crypto world’s best. Will it be a bull rush or a bear raid?
Read on to find out what options expiry means for Bitcoin and Ethereum, and what impact it could have on your portfolio.
Bitcoin Options Expiration: A Brief Overview
On June 21, 2024, Bitcoin options with a notional value of $1.26 billion will expire. This involves 19,668.60 contracts, with a put-to-call ratio of 0.45 and a maximum issue of $66,500. Open interest for calls stands at 13,552.40, while puts have an open interest of 6,116.20.
Tomorrow, June 22, 2024, Bitcoin options worth $93.77 million are set to expire. These 1,457.20 contracts have a put-to-call ratio of 1.29, with a maximum pain point of $65,500. The open interest rate for calls is 637.70, compared to 819.50 for puts.
Ethereum Options Expiration: A Brief Overview
Today, Ethereum options totaling $693.37 million in notional value will expire. This includes 197,068 contracts with a put-to-call ratio of 0.30 and a maximum pain point of $3,500.
On June 22, 2024, Ethereum options worth $100.67 million will expire. These 28,908.00 contracts have a put-to-call ratio of 0.31, with a maximum pain point of $3,525. The open interest for calls is 22,099, while puts have an open interest of 6,809.
Analyst Outlook
Analysts have noted an increase in futures options volume, particularly in block calls. Despite high realized volatility, implied volatility remained stable, suggesting that no major market movements are expected ahead of the quarterly delivery.
Prices and market trends
Bitcoin is currently priced at $64,215, reflecting a 30-day change of -7.8% and a 7-day change of -4.0%. Throughout this week, BTC has fluctuated between $66,748 and $64,215. Bitcoin’s 24-hour trading volume stands at $125.835 million, with a weekly peak around $162.179 million.
Ethereum is currently priced at $3,485, showing a 30-day change of -7.2% and a 7-day change of -1.2%. This week, ETH is between $3,467 and $3,624. Ethereum’s 24-hour trading volume is $11.693 million, with a weekly peak of around $28.152 million.
Although option expirations may cause temporary market disruptions, they generally result in eventual stabilization. As traders and investors face these expirations, the entire market should adjust accordingly.
Read also: Crypto Market Crash: Whales Target These Three Altcoins
Do option expirations make you nervous or do you see them as an opportunity? Join the conversation.